Home / Knowledge / News / Apparel/Garments / Destination Maternity announces credit ratings upgrade by S&P
Destination Maternity announces credit ratings upgrade by S&P
Feb '10
Destination Maternity Corporation, the world's leading maternity apparel retailer, announced that Standard & Poor's Ratings Services ("S&P") raised both its corporate credit rating on Destination Maternity to 'B' from 'B-', and its issue level rating on the Company's Term Loan to 'BB-' from 'B'. Also, S&P attached an outlook of "stable" to its credit rating of the Company.

S&P noted in its research update announcing the ratings upgrade, "The upgrade reflects the ongoing margin improvement, which has contributed to a substantial increase in EBITDA year over year. This EBITDA growth coupled with moderate amounts of debt repayment have resulted in sufficient improvement in the company's credit protection metrics to warrant an upgrade."

Ed Krell, Chief Executive Officer of Destination Maternity, noted, "We are very pleased that Standard & Poor's has raised our credit ratings in recognition of our strong improvement in operating performance and cash flow and the resulting improvement in our financial and credit statistics. We believe this upgrade is a positive development as we continue our progress in improving the profitability and financial position of our Company."

Destination Maternity Corporation

Must ReadView All

Apparel/Garments | On 21st Feb 2017

Max Fashion targets revenue of Rs 5,000 cr by fiscal 2021

Apparel retailer Max Fashion is mulling to double its turnover to Rs...

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search